## SNAPE INSTITUTE MANAGEMENT COMMITTEE 

Trustees Annual Report and Financial Statement for year ending 31st December 2025 


Snape Institute Meadow Lane, Snape, Bedale, North Yorkshire, DL8 2TR 



## **Table of contents** 

**Reference and administrative information .......................................................................... 2 Structure, governance and management ............................................................................ 3 Aims, achievements and objectives .................................................................................... 4 Activities .............................................................................................................................. 6 Financial review ................................................................................................................... 7 Statement of trustees’ responsibilities ............................................................................... 8 Snape institute management committee independent examiner’s report ......................... 9 Snape institute management committee statement of financial activities ...................... 11 Snape institute management committee balance sheet .................................................. 12 Notes to the accounts ....................................................................................................... 13** 

1 



## **Snape Institute Management Committee Report of the trustees for the year ending 31[st] December 2025** 

The trustees present their annual report and inspected financial statements for the year ended 31[st] December 2025 and confirm they comply with the Charities Act 1993, as amended by the Charities Act 2006, the trust deed and the Charities SORP 2005. 

## Reference and Administrative Information 

Charity Name: Snape Institute Management Committee Charity Registration Number: 1144863 Address: Snape Institute Meadow Lane Snape North Yorkshire DL8 2TR Telephone: 01677 411424 email: info@snapeinstitute.co.uk Web: www.snapeinstitute.co.uk 

Board of Trustees: 

|Sue Old–Chair|Rachel Duck|David Milner|
|---|---|---|
|Ian Fiddler-Treasurer|Diane Hosking|David Smith|
|Kath Blanchard|John Knopp|John White|
|Ann Donaldson|Sarah Lowe||



## Trustee Retirements During the Financial Year 

Andrew Abel retired as a Trustee during the financial year 2025 

Independent Examiner 

Bankers 

David Turton Stonehaven Snape North Yorkshire DL8 2TH 

Barclays Bank plc 1 Churchill Place London E14 5HP 

2 



## Structure, Governance and Management 

## Governing Document 

Snape Institute is constituted as a charitable trust registered with the Charity Commission in December 2011 under charity number 1144863. It is governed by a deed of trust dated 21 March 1975. 

## Organisational Structure 

The charity trustees are responsible for the general control and management of the charity. The trustees give their time freely and receive no remuneration or other financial benefits. 

The trustees meet together as a body regularly throughout the year and are responsible for all decisions taken in relation to running of the Institute and the fundraising activities provided by the charity. To assist in the smooth running of the charity the trustees have taken responsibility for key roles such as hall bookings, finance, secretarial duties and running of events as and when required. 

## Recruitment and Appointment of Trustees 

Trustees are appointed on an annual basis and election takes place at the annual general meeting (AGM) held in March. Trustees represent a cross section of the community in which the Institute serves and the activities that take place. 

To assist in the recruitment of new trustees, positions are advertised in the community newsletter and on social media. Members of the community are invited to attend the AGM, and could, if they so wished, attend other committee meetings as an observer, with prior arrangement by contacting the Chair. 

## Induction and Training of Trustees 

Following appointment, new trustees are introduced to their new role and given copies of the trust deed and a guide to the policies and procedures adopted by our charity. They are also directed to the charity commission website where they can find further information on the role of a charitable trustee. 

## Risk Management 

Risk assessments, health & safety and fire risk assessments are carried out and recorded on a regular basis. Trustees are made aware of risks and any changes to risk at the committee meetings. 

3 



## Aims, Achievements and Objectives 

## Aims 

We aim to provide a community space that: 

- Caters for the diverse needs and ages of Snape and the surrounding villages, 

- Offers high quality and safe facilities for recreation, entertainment and leisure, 

- Offers activities to enhance understanding and knowledge, and contributes to a sense of well-being and connection, and 

- Is financially viable and visibly cared for. 

## Achievements in 2025 

- Raised grant funding, along with generous donations to allow the construction of a new extension which comprises a meeting room, storeroom, modern toilet facilities and improved disabled access. 

- Increased operating profit by 12% compared with 2024 ensuring that additional funds could be made available to support the completion of the extension. 

- Finalised the Charitable Incorporated Organistion (CIO) process to allow the CIO status to become effective from 1[st] January 2026. 

- As part of the CIO process, the ownership of the institute building was transferred from the Parish Council. The building is now owned by Snape Institute under its new charitable status. 

- To improve overall communications and to protect personal details of trustees a generic VOIP telephone number was introduced, along with generic contact email addresses that could be used in future marketing materials. 

- Continued to bolster our social media presence to encourage attendance at classes/events and raise general awareness about services/facilities provided by the Institute. 

- Produced a quarterly news update to the community in both printed and electronic form. 

- Supported the introduction of a new fortnightly art group. 

- In partnership with Snape Methodist Chapel, continued to offer a weekly Community Hub throughout the winter months, operating on an alternating-week basis between the Institute and the Chapel. 

- Offered a range of events throughout the year catering for diverse interests and supporting our charitable aims. 

- Rolled out a Microsoft Office 365 platform to allow trustees the ability to hold a unique Snape Institute email address, with a supporting file management solution for secure storage and filing of Institute documentation 

- Continued to develop the Institute website as an additional information source for the community to access up to date Institute information. 

4 



## Objectives for 2026 

During 2026 we will work towards: 

- Continuing to maintain the hall with repairs to the roof, external painting where necessary and decoration of the main hall. 

- Encouraging residents of Snape and surrounding villages to engage with the trustees by holding a launch event following the hall’s development 

- Encourage attendance at classes and events by further promotion through recognised communication channels 

- Improving the weekly utilisation of the hall 

- Continuing to develop a varied programme of activities in consultation with the local community 

- Acquiring funding to allow for development of the outside garden area as a more useable and accessible space 

- Review our policies in line with the newly acquired CIO status 

- Continuing  to maintain financial viability by careful management, seeking grant aid when appropriate, and introducing, where possible, new income streams 

- Improving our eco-friendly practices 

## Strategies 

We wish to: 

- Make the Institute an accessible and welcoming venue to widen our customer base and increase its use for private and commercial events, 

- Work with those seeking new opportunities for regular activities to be held in the hall by offering preferential rates initially and helping to promote these, 

- Ensure the widest publicity for events in the hall using hard copy and electronic means to do so, ensuring that information is accessible to all members of the community 

- Use all funds received effectively to improve the fabric and quality of the building and garden, 

- Increase our base of volunteers who will assist in delivering events and activities, and 

- Review our need for employed staff as currently we do not employ anyone. 

5 



## Activities 

## How Our Activities Deliver Public Benefit 

The charity carries out a wide range of activities in pursuance of its charitable aims. The trustees consider that these activities, summarised below, provide benefit to those who reside in the parish of Snape with Thorp and surrounding areas. 

## Activities Offering Health Benefits to Attendees 

Circuit training, yoga, dance fit, carpet bowls, table tennis, bridge, “Move it or Lose it”, Pilates and 10K and 5k Fun Run. 

## Activities Which Bring Community Members Together 

Quiz nights, themed entertainment nights, concerts, coffee mornings, Party on the Green, Autumn Festival, Easter Fair & Duck Race  and celebratory events 

## Activities Which Educate 

Snape Local History Group, Snape Gardening Club, Snape Textiles Group, Snape Birds (birdwatching group), Snape Art Group, other talks and demonstrations 

## Activities Which Tackle Social Isolation 

Community lunch, community hub, village breakfast, board games afternoons 

6 



## Financial Review 

## Reserve Policy 

The trustees have reviewed the reserves of the charity. Their policy is to hold enough funds in the current account to meet six months’ operating costs of the Institute, excluding our community activities and programmes. 

The free reserves as of 31[st] December 2025 are £3,156. This is calculated by deducting six months operating expenses (£7,000) and any reserved grants from the current asset total of £10,156. 

In order to repay the personal loan of £25,000, it is our aim to save £500 per month towards the repayments. Our compliance with this is monitored and reported on in each monthly Treasurers report. The repayment of the loan will be through the “free reserves” as outlined above. 

## Principal Funding Sources 

The charity’s main source of income is via hall hire and monies raised at special events throughout the year. This equates to £18,961 operating profit for year ending 2025. All profits are invested back into the running and improvement of the building. 

## Investment Policy 

The charity has no long-term investments. Our cash reserves are held in the Community current account and the Parish Council savings account, established under the Charitable Deed and held purely for Institute funds. The interest earned is considered by the trustees as a gift of the UK banking system. 

## Plans for Future Periods 

The Institute is always looking to extend its offering to the local community. To increase the appeal of our offering we are looking to improve and modernise the facilities of the institute. The new facilities will allow us to provide the hire of a meeting room containing fast speed internet and other up to date business facilities. The storage room is available for storage of equipment used by the institute and those providing activities on a regular basis. 

To help with the cover of operating costs we will increase our advertising to promote the range of hire charges for commercial and domestic customers. We will also promote the offer of available equipment hire. This will be achieved via the website and social media. 

7 



## Statement of Trustees’ Responsibilities 

The charity trustees are responsible for preparing an annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements, the trustees are required to: 

- select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities Statement of Recommended Practices (SORP); 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statement; 

- • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. 

The trustees for the purposes of charity law who served during the year and up to the date of this report are set out on page 2. 

Approved by the trustees and signed on its behalf by: 


Sue Old, Chair of trustees 26[th] March 2026 

8 



## Snape Institute Management Committee Independent Examiner’s Report 

For the year ending 31[st] December 2025 

Independent examiner's report to the trustees of Snape Institute Management Committee ('the Charity') 

I report to the charity trustees on my examination of the accounts of the Charity for the period ending 31st December 2025. 

## Responsibilities and Basis of the Report 

As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). 

As the independent examiner I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## Independent Examiners Statement 

Your attention is drawn to the fact that the charity has prepared the accounts in accordance with accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. 

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 

2. the accounts do not accord with those records’ or 

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination. 

9 



I have no concern and have come across no other matter in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work or for this report. 

Signed: 


David Turton, Independent examiner 1[st] March 2026 

10 



## Snape Institute Management Committee Statement of Financial Activities 

For the year ending 31[st] December 2025 

The Statement of Financial Activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities. 

|Account|Notes|Total YE 2025|<br>Total YE 2024|
|---|---|---|---|
|||||
|OperatingIncome|2|||
|General Income||£12,655|<br>£9,975|
|Event Income||£16,204|<br>£21,266|
|Interest Income||£1,028|<br>£767|
|**Total for Operating Income**||**£29,887**|<br>**£32,007**|
|||||
|Cost of Goods Sold|3|||
|Cost of Goods Sold||£425|<br>£583|
|**Total for Cost of Goods Sold**||**£425**|<br>**£583**|
|**Gross Profit**||||
|||**£29,462**|<br>**£31,424**|
|||||
|OperatingExpense|4|||
|OperatingCosts||£6,976|<br>£10,391|
|Event Costs||£3,524|<br>£4,092|
|**Total for Operating Expense**||**£10,500**|<br>**£14,483**|
|**Operating Profit**||||
|||**£18,961**|<br>**£16,942**|
|||||
|Non OperatingIncome|5|||
|Grants(Reserved)||£53,950|<br>£35,325|
|**Total for Non Operating Income**||**£53,950**|<br>**£35,325**|
|||||
|Non OperatingExpense|6|||
|New or Replacement equipment||£-|<br>£3,288|
|Development||£167,847|<br>£32,104|
|**Total for Non Operating Expense**||**£167,847**|<br>**£35,392**|
|||||
|**Net Profit/Loss**||**£-94,935**|<br>**£16,874**|



11 



## Snape Institute Management Committee Balance Sheet 

## As at 31[st] December 2025 

|Account|Notes|Total YE<br>2025|<br> <br>Total YE<br>2024|
|---|---|---|---|
|||||
|||||
|Assets|||<br>£150<br> <br>£195|
|Current Assets|7|||
|Cash||||
|Float||£150||
|Undeposited Funds||£-||
|**Total for Cash**||**£150**|<br>£345|
|||||
|Bank|||<br>£7,233<br> <br>£72,514|
|CommunityAccount||£10,006||
|PC Savings Acct||£-||
|**Total for Bank**||**£10,006**|<br>**£79,747**|
|||||
|Accounts Receivable||£-|<br>£-|
|**Total for Current Assets**||**£10,156**|<br>**£80,092**|
|**Total for Assets**||||
|||**£10,156**|<br>**£80,092**|
|||||
|Liabilities & Equities|||<br>£45|
|Liabilities|8|||
|Other Liabilities||||
|Uncashed cheques||£45||
|Development Loan||£25,000||
|**Total for Other Liabilities**||**£25,045**|<br>£45|
|**Total for Liabilities**||||
|||**£25,045**|<br>£45|
|||||
|Equities|9||<br>£16,691<br> <br>£63,356|
|Current Year Earnings||£-94,935||
|Retained Earnings||£80,047||
|**Total for Equities**||**£-14,889**|<br>**£80,047**|
|||||
|**Total for Liabilities & Equities**||**£10,156**|<br>**£80,092**|



The notes at pages 13 to 18 form part of these accounts Approved by the trustees on 26[th] March 2026 and signed on their behalf by: 


Sue Old, Chair of trustees 26[th] March 2026 

12 



## Notes to the Accounts 

## 1. Accounting Policies 

## a) Basis of Preparation of Financial Statement 

The financial statement has been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. 

The Charity has elected to apply all amendments to FRS 102, as set out in the Financial Reporting Council's triennial review published in December 2017, and included in Update Bulletin 2 to the Charities SORP (FRS 102), prior to mandatory adoption for accounting periods beginning on or after 1st January 2019. 

The financial statement has been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the accounting and Reporting by charities statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. 

Village Hall meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 

## b) Income 

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably. 

## c) Expenditure 

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity, and any direct costs are attributed to a single activity (event). 

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading. 

13 



Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. 

All expenditure is inclusive of irrecoverable VAT. 

## d) Interest Receivable 

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 

## e) Liabilities and Provisions 

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. 

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. 

## f) Financial Instruments 

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. At this point in time the charity does not feel the need to use bank loans as a means of funding. 

## g) Fund Accounting 

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. 

## 2. Operating Income 

## General Income 

|General Income|||
|---|---|---|
|General Income|**YE 2025**|<br>**YE 2024**|
|100 Club|£1,366|<br>£1,328|
|Donations|£9,652|<br>£3,326|
|Raffle|£1,487|<br>£1,321|
|CommunityHub Grants & Donations|<br>£-|<br>£4,000|
|Refunds or other one-off income|£150||
|**Total for General Income**|**£12,655**|<br>**£9,975**|



14 



General income represents funds that have not been generated directly through event ticket sales or items that were sold at an event. 

Donations were significantly higher than previous years due to a significant push to get donations in the early part of the year in order to make up for the shortfall of funds for the building extension. Eligible donations from individuals are tracked in order to reclaim Gift Aid. 

## Event Income 

|Event Income|||
|---|---|---|
|Event Income|**YE 2025**|**YE 2024**|
|Bar|£1,342|<br>£1,096|
|Book Stall|£222|<br>£172|
|CommunityLunches|£2,345|<br>£2,632|
|Equipment Hire|£128|<br>£181|
|Hall Hire|£6,515|<br>£7,611|
|Themed event|£5,436|<br>£8,386|
|Village Breakfasts|£215|<br>£1,188|
|**Total for Event Income**|**£16,204**|<br>**£21,266**|



Throughout the year the committee organise a number of themed events, both educational and entertaining. Event income was around 35% lower than 2024, but this was to anticipated due to the lower number of events run in the period whilst the extension was being built. 

## Interest Income 

|Interest Income|||
|---|---|---|
|Interest Income|**YE 2025**|**YE 2024**|
|PC Savings Interest|£1,028|<br>£767|
|**Total for Interest Income**|**£1,028**|<br>**£767**|



Increased interest income through the continued effort to transfer funds into the savings account. 

## 3. Cost of Goods Sold 

|3. Cost of Goods Sold|||
|---|---|---|
|Cost of Goods Sold|||
|Cost of Goods Sold|**YE 2025**|**YE 2024**|
|Bar stock|£425|<br>£583|
|**Total for Cost of Goods Sold**|**£425**|<br>**£583**|



The cost of bar stock decreased slightly compared with 2024, however income from the bar also increased significantly (as shown under Event Income) 

15 



## 4. Operating Expenses 

## Operating Costs 

|Operating Costs|||
|---|---|---|
|OperatingExpense|||
|OperatingCosts|**YE 2025**|**YE 2024**|
|100 Club Expense|£620|<br>£595|
|Cleaning|£476|<br>£460|
|CommunityFirst Yorkshire|£42|<br>£42|
|CommunityHub Expenses|£135|<br>£2,047|
|Electricity|£2,771|<br>£3,958|
|Fire & SafetyChecks|£253|<br>£155|
|Garden Supplies|£36|<br>£71|
|Gifts|£20|<br>£-|
|Insurance|£1,090|<br>£831|
|PerformingRights|£409|<br>£508|
|Printing,stationeryand marketing|£427|<br>£238|
|Repairs & Maintenance|£120|<br>£128|
|Sundries|£258|<br>£297|
|Telephone and internet|£20|<br>£711|
|Trainingcourses|£35|<br>£35|
|Water|£300|<br>£315|
|**Total for Operating Costs**|**£6,976**|<br>**£10,391**|



The highest area of operating costs continue to be electricity costs.  They were lower than 2024, but the building was not in full use for around 5 months.  The recent move from EDF to British Gas should yield more income from the solar panel generated electricity – however, this is partly offset by higher overall costs. 

Community Hub expenses were lower in 2025 due to no equipment being purchased. 

There has been an increase in printing costs as we continue to communicate on a more regular basis with the community. This has seen greater attendance at events throughout the year. We will try to reduce this cost with further introduction of electronic means of communication. 

Telephone and internet costs were considerably lower in 2025 due to free internet provided by Quickline. This offer expires in 2027 

## Event Costs 

|Event Costs|||
|---|---|---|
|Event Costs|**YE 2025**|**YE 2024**|
|CommunityLunches Expense|£1,498|<br>£1,438|
|Themed Event(exp)|£1,883|<br>£2,338|
|Village Breakfasts expense|£133|<br>£317|
|**Total for Event Costs**|**£3,524**|<br>**£4,092**|



16 



Costs for Themed events continue to decline due to a lower number of events being run. 

## 5. Non Operating Income 

|Non OperatingIncome|**YE 2025**|**YE 2024**|
|---|---|---|
|Grants(Reserved)|£53,950|<br>£35,325|
|**Total for Non Operating Income**|**£53,950**|<br>**£35,325**|



The grant received from North Yorkshire Council at the beginning of the year allowed us to commence building the extension 

## 6. Non Operating Expense 

|6. Non Operating Expense|||
|---|---|---|
|Non OperatingExpense|**YE 2025**|**YE 2024**|
|New or Replacement equipment|£-|<br>£3,288|
|Development|£167,847|<br>£32,104|
|**Total for Non Operating Expense**|**£167,847**|<br>**£35,392**|



As a committee, at this stage, we have chosen not to depreciate new equipment due to the more complex accounting requirements and limited benefits for our situation. This decision will be regularly reviewed by the treasurer and reported to the committee.  The increased expenses above are reflective of the investment in double glazing and solar panels. 

## 7. Current Assets 

|Current Assets|**YE 2025**|**YE 2024**<br> <br>£150<br> <br>£195|
|---|---|---|
|Cash|||
|Float|£150||
|Undeposited Funds|£-||
|**Total for Cash**|**£150**|<br>**£345**|
||||
|Bank||<br>£7,233<br> <br>£72,514|
|CommunityAccount|£10,006||
|PC Savings Acct|£-||
|**Total for Bank**|**£10,006**|<br>**£79,747**|
||||
|Accounts Receivable|£-|<br>£38|
|**Total for Current Assets**|**£10,156**|<br>**£63,438**|



Due to the limited access of banking facilities in the immediate locality, £150 float has been retained by the Treasurer for any event run throughout the year. This is passed to the event organiser and removed from any takings before event income is calculated. 

17 



The committee took the decision to transfer any excess funds to the account, held by the Parish Council under the provisions of the Charitable Deed, throughout the year. This has resulted in a lower Community Account balance and higher Savings Account balance held by the Parish Council. Taking this approach has allowed a larger amount of interest to be received throughout the year. 

In preparation for Snape Institute transferring to a Charitable Incorporated Organisation (CIO) the remaining funds in the Parish account have been transferred into our current account and the account was closed at the end of the 2025. 

## 8. Current Liabilities 

|Liabilities & Equities|**YE 2025**|**YE 2024**<br> <br>£45|
|---|---|---|
|Liabilities|||
|Other Liabilities|||
|Uncashed cheques|£45||
|Development Loan|£25,000||
|**Total for Other Liabilities**|**£25,045**|<br>**£45**|



At the end of the financial year there were two cheques that had been written but not cashed. Whilst the amount correlates exactly to that of 2024, they are different cheques and written within 2025. If these are not cleared in the bank after six months an adjustment to the accounts will be made. 

An interest free loan was provided to the institute from a member of the community. Agreement has been made to repay the loan annually over a five year term. 

## 9. Equities 

|Equities|**YE 2025**<br>**YE 2024**<br>£-94,935<br>£16,691<br>£80,047<br>£63,356|**YE 2025**<br>**YE 2024**<br>£-94,935<br>£16,691<br>£80,047<br>£63,356|
|---|---|---|
|Current Year Earnings/loss|£-94,935||
|Retained Earnings|£80,047||
|**Total for Equities**|**£-14,889**|<br>**£80,047**|



The closing balance at the end of 2024 was £80,047. Loss for the year 2025 were £94,935. We will start 2026 with a deficit of £14,889, including the £25,000 loan. 

18